1974 predictions that came true

[miketheidiot]

Originally posted by: LegendKiller

Originally posted by: miketheidiot

Originally posted by: bamacre

Originally posted by: Craig234

Originally posted by: bamacre

Originally posted by: miketheidiot
do you even know what inflation is?

the only major inflationary period in modern american history was happening while this imbecile was speaking, we certainly have not experienced any significant inflation in the last 28 years.

:laugh: Are you fucking kidding me? :laugh:

Go look up the historic US inflation rate over the last century, and then the inflation rate over the last 25 years, and then post the info.

Well, it would depend on how you calculate and define inflation.

I mean, how much was the average home in 1970? How much did a 6pack of coke cost in 1970? Gallon of gasoline? Health insurance? Sure incomes have risen, too, but to the same degree? Aren't you one to complain about the concentration of wealth, the shrinking middle class?

e^it

inflation is compounding and exponential, even small changes will have a large effect over the course of 40 years. that said, my parents bought my house in 1984 for 90k dollars, and could sell it now for about 160k, after finishing a bathroom, most of the basement and giving the trees 25 years to grow.

according to the op this was recorded in 1974, the only period of sinificant inflation in modern american history, which was caused by the conflagration of oil shocks and currency values returning to a proper value after being artificially depressed by the gold standard.

He also conveniently forgets that wages have mostly kept up with inflation. Thus, whatever cost increases there have been have been matched by revenue increases.

going further, everyone knows that light inflation is going to occur, and if markets work anywhere near as well as bamacre likes to think, they would take inflation into account in their planning (and they do).

 

[OutHouse]

Originally posted by: retrospooty

Originally posted by: Citrix
miketheidiot: wow just wow. you cant be serious in really believing that can you?

Citrix... Clearly you know nothing about inflation. Not the rates, and not the need for it. Its a normal and necessary thing in a growing economy. Our inflation has been pretty much nearly perfect in this country's history up to and including the past few decades. Just stop talking, you are making yourself look really dumb.

i can read just like you can. our inflation has been pretty much nearly perfect? lol your kidding right?

here read this, it has purty pictures so you can understand better.

http://mwhodges.home.att.net/inflation.htm